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IMMUNE DESIGN CORP.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 13, 2019. Its latest SEC filing is a 15-12B from Apr 12, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops immunotherapy drug candidates for cancer patients and licenses vaccine technology to pharmaceutical companies for infectious and allergic diseases.

How Did They Make Money?

Partners pay upfront license fees, milestone payments tied to development, regulatory or commercial progress, and royalties on licensed-product sales; GLA customers pay for product when it ships.

revenue

Who Were Their Customers?

Pharmaceutical companies license platform rights and collaborate on development; customers also buy GLA products.

Customers above 10% of revenue, FY2018
of revenue from three customers (69%, 19%, 10%)
FY2016: 99% from two customers

Did Revenues Turn Into Profits?

No. It lost $54.8M in .

Operating income,
−2598% of revenue
▲ +8% (Loss) vs (−$52.8M, −734%)
Net income,
−2494% of revenue
▲ +6% (Loss) vs (−$51.9M, −721%)

How Were They Changing?

Since the FY2018 annual report
  • Apr 2, 2019 Merck Sharp & Dohme completed its acquisition of Immune Design Immune Design became a wholly owned subsidiary after the merger.

Shrank. Revenue fell 66% in 4 years, from $6.4M in to $2.2M in , about 24% a year.

Focused oncology development The earlier report described distinct oncology candidates from both discovery platforms; the later report centers oncology development on its lead candidate and pauses other platform programs, while seeking outside collaborators for a cancer vaccine program.

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